Tax changes are pivotal for self-employed to optim …
New pension rules and frozen tax thresholds highlight benefits of opening a SIPP, our research shows. New research shows that self-employed professionals need to focus on tax changes and the opportunities they are offering for pension savings and consolidation. Ahead of this year’s Spring Statement, we are urging the self-employed to focus on changes announced...
Over-65s self employment is rising as retirement g …
Our latest analysis suggests that over-65s are increasingly turning to self-employment to help boost retirement saving. The analysis of the most recent Government data shows a 20% increase in the number of full-time and part-time self-employed workers aged 65-plus in just three months from nearly 435,000 to more than 523,000. The data shows the number...
Self-employed pension saving is rising – but …
Our latest analysis* shows that Self-employed workers have increased pension contributions by around £300 million with more self-employed people saving for retirement – but they still lag massively behind employees. Government data shows total annual individual contributions by self-employed workers into personal pension schemes including workplace schemes are around £2.3 billion compared with £2 billion...
What is a Salary Sacrifice pension?
Have you heard about salary sacrifice pensions but aren't quite sure how they work? This straightforward guide will explain what a salary sacrifice pension is, the benefits it offers, and whether it could be a good option for you. How Salary Sacrifice Pensions Work A salary sacrifice pension is an arrangement between an employer and...
Is a Salary Sacrifice pension better?
Salary sacrifice pensions allow you to contribute more to your retirement savings in a tax-efficient way. But are they right for you? This guide will walk through how these schemes work and the key factors to consider. How Salary Sacrifice Pensions Work With a salary sacrifice pension, you agree with your employer to reduce your...
How to set up a SIPP – a simple guide
So you're thinking about setting up a Self Invested Personal Pension (SIPP)? Well you've come to the right place! Here at iSIPP, we're passionate about keeping pensions simple. We'll guide you through the easy process step-by-step so you can take control of your retirement savings and learn how to set up a SIPP. What is...
Do you pay tax on SIPP withdrawals?
So you've been saving for retirement in a Self Invested Personal Pension (SIPP). Now you're ready to start accessing your hard-earned pension pot. But how much tax will you pay on withdrawals? Here at iSIPP, we want to keep pensions simple. So in this guide, we'll clearly explain the SIPP withdrawal tax rules so you...
Let’s Talk Money: iSIPP Supports Talk Money …
Talk Money Week 2023 has kicked off this week (6-10th November 2023) . This annual public awareness campaign encourages open conversations about personal finances and financial wellbeing. At iSIPP, we strongly support this initiative and believe financial literacy and transparency are key. Despite money being on many people's minds, talking about finances remains difficult. Research...
Can I backdate SIPP contributions
When it comes to planning for your financial future, making the most of tax-efficient savings options is crucial. One such option that often piques the interest of those looking to maximise their pension savings is the Self-Invested Personal Pension (SIPP). In this article, we'll explore a common query – "Can I backdate SIPP contributions?" –...
